Research >> Economics
DJ-BTMU U.S. Business Barometer picked up by 1.4%
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For the week ending December 13 2014, the DJ-BTMU U.S. Business Barometer picked up by 1.4 percent to 99.9. This week’s barometer was driven by both consumption and production indexes. Chain store sales (inflation-adjusted basis) increased by 3.1 percent. As to the production side, auto and truck production climbed by 12.3 and 9.2 percent respectively, while electric output decreased 0.5 percent.
On a year-over-year basis, the barometer showed a gain of 0.9 percent, which compares to an average -3.3 percent decline over the Great Recession (ended in June 2009 according to the NBER). After flat lining in 2006, and declining from 2007 through 2009, the barometer bounced back in 2010 to rise by 3.4 percent, which was the strongest increase since 1994 (+4.0 percent), but not so impressive when compared to an -8.0 percent drop in 2009. The rate of increase for the 2013 slowed to 0.7 percent following 1.5 percent in 2012.
The smoothed version of the barometer, which attempts to account for weekly volatility, picked up by 0.2 percent to 99.2. Its year-over-year growth rate was 0.8 percent.
Posted: December 24, 2014 Wednesday 10:00 AM